Equities analysts forecast that Heartland Express, Inc. (NASDAQ:HTLD) will post earnings of $0.17 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Heartland Express’ earnings. The highest EPS estimate is $0.19 and the lowest is $0.13. Heartland Express reported earnings per share of $0.18 during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.6%. The business is scheduled to announce its next earnings report on Wednesday, August 1st.
On average, analysts expect that Heartland Express will report full-year earnings of $0.70 per share for the current year, with EPS estimates ranging from $0.63 to $0.77. For the next year, analysts expect that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.71 to $1.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Heartland Express.
Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings data on Wednesday, April 25th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Heartland Express had a net margin of 11.75% and a return on equity of 7.49%. The business had revenue of $156.70 million during the quarter, compared to analyst estimates of $169.55 million.
A number of equities research analysts have issued reports on HTLD shares. TheStreet lowered shares of Heartland Express from a “b-” rating to a “c+” rating in a report on Thursday, April 5th. Morgan Stanley increased their price objective on shares of Heartland Express from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, February 20th. ValuEngine lowered shares of Heartland Express from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. JPMorgan Chase & Co. cut their price objective on shares of Heartland Express from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Wednesday, February 14th. Finally, BidaskClub raised shares of Heartland Express from a “strong sell” rating to a “sell” rating in a report on Tuesday. Six research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Heartland Express presently has an average rating of “Sell” and an average target price of $21.13.
Shares of HTLD opened at $18.81 on Friday. Heartland Express has a 1 year low of $17.38 and a 1 year high of $25.22. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 1.77 and a beta of 0.67.
Heartland Express declared that its board has authorized a share repurchase plan on Friday, May 11th that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
In other Heartland Express news, Director Tahira K. Hira bought 36,500 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The stock was purchased at an average cost of $18.28 per share, with a total value of $667,220.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 42.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. lifted its position in Heartland Express by 15.0% in the first quarter. American Century Companies Inc. now owns 9,313,315 shares of the transportation company’s stock worth $167,547,000 after buying an additional 1,216,804 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its position in Heartland Express by 12.0% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 7,016,174 shares of the transportation company’s stock worth $163,758,000 after buying an additional 749,703 shares during the last quarter. 1060 Capital LLC bought a new stake in Heartland Express in the fourth quarter worth $13,648,000. OppenheimerFunds Inc. lifted its position in Heartland Express by 161.5% in the fourth quarter. OppenheimerFunds Inc. now owns 714,762 shares of the transportation company’s stock worth $16,682,000 after buying an additional 441,402 shares during the last quarter. Finally, Standard Life Aberdeen plc lifted its position in Heartland Express by 15.9% in the fourth quarter. Standard Life Aberdeen plc now owns 2,297,155 shares of the transportation company’s stock worth $53,616,000 after buying an additional 315,143 shares during the last quarter. 61.92% of the stock is owned by hedge funds and other institutional investors.
About Heartland Express
Heartland Express, Inc, through its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled transportation services.
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